ResearchThe process of gathering information and organizing information. For example, a family in the market for a house that begins to collect information about different neighborhoods.
Data AnalysisData analysis is the process of collecting, processing, modeling, calculating, visualizing, communicating and thinking about data. For example, an airline that has become unpopular amongst first class travelers that gathers and organizes customer survey data to try to understand why. Statistics is the formal analysis of data. This includes descriptive statistics which summarize data samples and probability theory that can be used to make predictions. For example, an aircraft engineer who models probabilities for different levels of extreme turbulence.
Convergent ThinkingConvergent thinking is the process of determining the correct answer to a problem with a well known solution. For example, an administrator who validates that software is correctly calculating tax deductions for thousands of employees. modeling a decision such as an investor who uses hard data to estimate the risk-reward ratio for various investments.
SWOT AnalysisA popular method for identifying strategy in the context of competition and constraints by listing out your strengths, weaknesses, opportunities and threats.
Problem AnalysisThe process of determining the root cause of a problem and identifying and comparing various solutions. For example, an elevator mechanic who uses 5 whys to determine the root cause of an elevator door malfunction.Critical thinking is a broad term for systematic thought processes. For example, a student who identifies the main points made by an article and challenges each one.
LogicLogic is a discipline that allows you to construct arguments that are internally consistent. This is garbage-in-garbage-out as logic can still produce invalid reasoning if your premises are incorrect. Traditional systems of logic also have a problem of excluded middle whereby they can't handle grey areas.
Challenging AssumptionsThe process of challenging stated and unstated assumptions. For example, an urban planner who challenges the assumption that roads are primarily for cars.
|Overview: Analytical Thinking
The process of understanding things by breaking them into their component parts